Tag: Economy
Are They Wrong
Despite a parade of doom and gloom from the mainstream media this year. The markets, economy and earnings all continue to perform well. Leaving me to wonder, “are they wrong”? Or just “early”? Certainly, their predictions this year have been considerably off target. Endless recession calls, much higher inflation and falling financial markets that have…
More Losses
The major averages delivered more losses this week. Since Monday the S&P 500 dropped 69 points or 1.03%. The NASDAQ fell 435 points or 1.92%. While the DOW slid 345 points or .74%. A rough ride in the last few weeks but none of the major averages have given up the requisite 10% to qualify…
Meaningful Losses
A rough week for stocks sends the major averages into the close with meaningful losses. As the markets chalk up their first down week since October 7, when they finished fractionally lower. Since last Friday’s close the S&P 500 has lost 111 points or 1.62%; the NASDAQ fell 720 points or 3.04%; while the Dow…
The Shutdown Continues
As the government shutdown continues into its 31st day. Most economic reports are AWOL. But there’s is plenty to talk about with respect to interest rates and 3rd quarter earnings as the reporting season really hit its stride this week. Pushing the major averages to another solid gain at the close of trading. Since last…
Markets Are Up
Despite an endless parade negative reporting from the mainstream media. The markets are up again this week. Earnings are on track for another double digit quarter. The world didn’t end when the government shutdown. Mainstream economists and investment houses continue to miss substantially with their economic and market forces. But, hey a broken clock is…